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Reading Summary: China Labour Moving to US and Canadian Timber

3 Pages

Course Code
Geography 3422A/B
Milford Green

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China Labour Moving to US and Canadian Timber 2/4/2013 7:12:00 PM China Labour Costs Push Jobs Back to US  Rising Chinese labour costs are changing the economics of global manufacturing and could contribute to the creation of 3m jobs in the US by 2020 o Jobs will be generated by a “re-shoring” of manufacturing activity lost to China over the past decade  The trend could cut the US’s merchandise trade deficit with the rest of the world, excluding oil, from $360bn in 2010 to about $260bn by the end of the decade  Chesapeake Bay Candle has created 50 jobs, with another 50 likely next year, since it invested in US production o Half of the company’s production is now US-based, last year all of its products were made in China  The research will resonate in the White House where Obama has ma
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